Energy Assets Wins Its Largest Ever Infrastructure Deal In Scotland

LONDON (Alliance News) - Industrial and commercial gas metering services provider Energy Assets Group PLC on Thursday said it has secured a new contract with East Lothian Developments Ltd.

Energy Assets will provide gas, water and electricity infrastructure for a new mixed-use property development in East Lothian in Scotland. The St Clements Well development will include 1,450 residential units, plus offices, retail and supermarket units and a primary school.

The deal is worth GBP6.0 million to Energy Assets and is the largest utility networks contract it has ever won.

Energy Assets shares were down 1.8% to 480.00 pence early Thursday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.